PGTYX vs. XLK
Compare and contrast key facts about Putnam Global Technology Fund (PGTYX) and State Street Technology Select Sector SPDR ETF (XLK).
PGTYX is managed by Putnam. It was launched on Dec 17, 2008. XLK is a passively managed fund by State Street that tracks the performance of the S&P Technology Select Sector Daily Capped 35/20 Index. It was launched on Dec 16, 1998.
Performance
PGTYX vs. XLK - Performance Comparison
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PGTYX vs. XLK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PGTYX Putnam Global Technology Fund | -3.79% | 23.31% | 27.88% | 53.82% | -32.30% | 11.72% | 70.92% | 47.50% | -6.72% | 47.05% |
XLK State Street Technology Select Sector SPDR ETF | -6.18% | 24.61% | 21.63% | 56.02% | -27.73% | 34.74% | 43.62% | 49.86% | -1.68% | 34.26% |
Returns By Period
In the year-to-date period, PGTYX achieves a -3.79% return, which is significantly higher than XLK's -6.18% return. Both investments have delivered pretty close results over the past 10 years, with PGTYX having a 21.36% annualized return and XLK not far behind at 21.00%.
PGTYX
- 1D
- 4.59%
- 1M
- -4.99%
- YTD
- -3.79%
- 6M
- -4.08%
- 1Y
- 35.25%
- 3Y*
- 23.60%
- 5Y*
- 10.79%
- 10Y*
- 21.36%
XLK
- 1D
- 1.51%
- 1M
- -3.20%
- YTD
- -6.18%
- 6M
- -4.94%
- 1Y
- 30.47%
- 3Y*
- 22.19%
- 5Y*
- 15.65%
- 10Y*
- 21.00%
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PGTYX vs. XLK - Expense Ratio Comparison
PGTYX has a 0.62% expense ratio, which is higher than XLK's 0.08% expense ratio.
Return for Risk
PGTYX vs. XLK — Risk / Return Rank
PGTYX
XLK
PGTYX vs. XLK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Global Technology Fund (PGTYX) and State Street Technology Select Sector SPDR ETF (XLK). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| PGTYX | XLK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.31 | 1.13 | +0.17 |
Sortino ratioReturn per unit of downside risk | 1.90 | 1.71 | +0.19 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.24 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.50 | 1.97 | +0.52 |
Martin ratioReturn relative to average drawdown | 7.91 | 6.31 | +1.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PGTYX | XLK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 1.13 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.64 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.90 | 0.87 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.36 | +0.49 |
Correlation
The correlation between PGTYX and XLK is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PGTYX vs. XLK - Dividend Comparison
PGTYX's dividend yield for the trailing twelve months is around 11.26%, more than XLK's 0.57% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGTYX Putnam Global Technology Fund | 11.26% | 10.83% | 6.40% | 0.57% | 1.71% | 21.15% | 13.60% | 2.63% | 9.44% | 6.75% | 1.01% | 4.56% |
XLK State Street Technology Select Sector SPDR ETF | 0.57% | 0.54% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% |
Drawdowns
PGTYX vs. XLK - Drawdown Comparison
The maximum PGTYX drawdown since its inception was -42.09%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for PGTYX and XLK.
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Drawdown Indicators
| PGTYX | XLK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.09% | -82.05% | +39.96% |
Max Drawdown (1Y)Largest decline over 1 year | -14.51% | -15.92% | +1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -42.09% | -33.56% | -8.53% |
Max Drawdown (10Y)Largest decline over 10 years | -42.09% | -33.56% | -8.53% |
Current DrawdownCurrent decline from peak | -9.61% | -11.04% | +1.43% |
Average DrawdownAverage peak-to-trough decline | -6.66% | -35.17% | +28.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.58% | 4.98% | -0.40% |
Volatility
PGTYX vs. XLK - Volatility Comparison
Putnam Global Technology Fund (PGTYX) has a higher volatility of 9.40% compared to State Street Technology Select Sector SPDR ETF (XLK) at 8.12%. This indicates that PGTYX's price experiences larger fluctuations and is considered to be riskier than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGTYX | XLK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.40% | 8.12% | +1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 17.20% | 16.49% | +0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.33% | 27.05% | +1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.75% | 24.72% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.91% | 24.33% | -0.42% |